Stock markets in Asia had a negative trading session this Monday (12).
There was expectation for monetary policy decisions this week, especially from the Federal Reserve (Fed, the US central bank), which should raise interest rates further to contain inflation, and, in China, real estate securities are again under pressure .
On the Tokyo Stock Exchange, the Nikkei index closed down 0.21%, at 27,842.33 points. Japanese investors were keeping a close eye on the Fed’s decision, as rising interest rates tend to be negative for equities. Lasertec fell 4.5% and Mitsubishi Corp., 1.8%.
In China, the Shanghai Stock Exchange closed at a low of 0.87%, at 3,179.04 points, and the Shenzhen Stock Exchange, of lesser scope, fell 0.67%, at 2,157.07 points.
The global monetary squeeze was also in focus, and shares in real estate developers and related sectors such as home furnishings weighed on the market.
China Vanke fell 5.0% and Poly Developments fell 4.3%, reversing Friday’s gains.
In Hong Kong, the Hang Seng Index fell 2.20% to 19,463.63 points after previously hitting three-month highs.
Shares in Chinese developers and the technology sector weighed on the day, with Country Garden Services down 17% after the company’s chief executive cut its stake in the company. Longfor Group lost 11%.
In South Korea, the Kospi index closed down 0.67% in Seoul, at 2,373.02 points. There was caution with the Fed’s decision this week.
Among stocks in focus, developers GS Engineering & Construction and Hyundai Engineering & Construction fell 3.4% and 4.7%, respectively. In Taiwan, the Taiex index retreated 0.63%, to 14,612.59 points.
In Oceania, the S&P/ASX 200 index closed down 0.45%, at 7,180.80 points, on the Sydney Stock Exchange. The Australian market showed a negative picture in the face of the possible impact of local government measures to contain high energy prices, with utilities under more pressure.
AGL Energy was down 2.6% and Origin Energy was down 7.8%.
Source: CNN Brasil

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